---
title: "上海九百股份有限公司 (600838.SH)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/600838.SH.md"
symbol: "600838.SH"
name: "上海九百股份有限公司"
industry: "零售商"
---

# 上海九百股份有限公司 (600838.SH)

| Item | Detail |
|------|--------|
| Industry | 零售商 |
| Location | 沪深市场 |
| Website | [www.shjb600838.com](https://www.shjb600838.com) |

## Company Profile

公司前身为创建于 1939 年的百乐商场。1966 年 12 月，经上海市百货公司批准定名为上海市第九百货商店。1993 年 10 月向社会公开发行股票。1994 年 2 月 24 日，本公司股票在上海证券交易所挂牌上市。公司主营业务涉及洗染服务及洗涤化工产品的生产销售、酒类产品批发与销售、商业物业租赁管理和股权投资管理等。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:10.000Z

**Overall: C (0.50)**

**Industry**: Broadline Retail

| Metric | Value |
|--------|-------|
| Industry Ranking | 18 / 38 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 1.96% |  |
| Net Profit YoY | -4.38% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 2.83 |  |
| Dividend Ratio | 0.29% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 4.46B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 90.19M |  |


**Multi Score**: C

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 2.75% | C |
| Profit Margin | 47.49% | A |
| Gross Margin | 18.41% | D |

#### Growth Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 1.96% | C |
| Net Profit YoY | -4.38% | C |
| Total Assets YoY | 1.99% | C |
| Net Assets YoY | 2.46% | C |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 210.55% | C |
| OCF YoY | 1.96% | C |

#### Operating Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.05 | E |

#### Debt Score: A

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 7.36% | A |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 上海九百股份有限公司",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "2.75%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "47.49%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "18.41%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "C",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "1.96%",
          "rating": "C"
        },
        {
          "name": "Net Profit YoY",
          "value": "-4.38%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "1.99%",
          "rating": "C"
        },
        {
          "name": "Net Assets YoY",
          "value": "2.46%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "210.55%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "1.96%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "E",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.05",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "A",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "7.36%",
          "rating": "A"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 赛维时代 (SZ.301381) | B | B | A | C | A | B |
| 02 | 三态股份 (SZ.301558) | C | C | A | A | B | B |
| 03 | 青木科技 (SZ.301110) | B | B | B | A | B | B |
| 04 | 居然智家 (SZ.000785) | C | D | D | C | C | C |
| 05 | 东百集团 (SH.600693) | C | C | E | D | B | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 104.07 | 19/38 | 86.76 | 80.39 | 75.08 |
| PB | 2.83 | 24/38 | 2.39 | 2.25 | 2.17 |
| PS (TTM) | 49.43 | 37/38 | 40.72 | 37.91 | 35.89 |
| Dividend Yield | 0.29% | 25/38 | 0.57% | 0.38% | 0.35% |

## References

- [Company Overview](https://longbridge.com/en/quote/600838.SH/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/600838.SH/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/600838.SH/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.